Rental Property Deductions

Owners of rental properties that are being rented out or are held available for rent can claim immediate deductions for a range of expenses such as:

 - interest on investment loans;
 - land tax;
 - council and water rates;
 - body corporate charges;
 - insurance;
 - repairs and maintenance;
 - agent's commission;
 - gardening;
 - pest control;
 - leases (preparation, registration and stamp duty); and
 - advertising for tenants.

Please note there are changes surrounding claims for certain Depreciation and Travel.  These are no longer deductible. You should speak with our office for specific advice in this area.